Yan Oi Tong Tin Ka Ping Secondary School

Business, Accounting and Financial Studies (BAFS)

A.        Subject Information

Business is the process of creating value through commerce and production. Business education aims to nurture students’ interest and talent in business by developing in them the necessary knowledge and skills, positive values and attitudes to create value through identifying needs, generating ideas and transforming them into business opportunities. The school curriculum should equip students with the abilities and attitudes to become independent learners. At senior secondary level, business education develops in students the intellectual breadth and capacity for lifelong learning to cope with the demands of an increasingly complex world.
In tackling business problems, one needs to draw upon knowledge and skills from different business areas, such as accounting, finance and management. Students need a solid foundation to understand and integrate knowledge and practice from the various areas that play a contributory role. In the business environment, accounting serves as a language of business for both internal and external communication. People use accounting information, together with other business knowledge such as finance, marketing, and human resources, in making business decisions. The business curriculum should, therefore, enable students to acquire a common body of business. knowledge, including accounting, to deal with the dynamic business environment.
Business, Accounting and Financial Studies (BAFS) has been introduced in our school as an elective subject in the senior secondary curriculum since 2009. There is one class for each form from S4 to S6 and the medium of instruction is English. In the current timetable, there are 3 lessons per week for elective subject for each form. The three-year BAFS curriculum provides students with a solid foundation of basic business and financial knowledge and skills through the four compulsory modules. They will then have a more in-depth study on Accounting as we offered he Accounting module in the elective part of the BAFS curriculum.
  • To enable students to have a thorough appreciation of accounting, finance and management practices and their applications in various contexts;
  • To be equipped with an understanding and capability to search, analyze and present business data and acquire useful information for business decision-making;
  • To widen students’ exposure and increase their understanding of Hong Kong being an international financial city and critically evaluate local and global business issues;
  • To explore different aspects of business to prepare students for life, for learning and for employment.
Curriculum structure
In the BAFS curriculum, the compulsory part provides students with essential business knowledge and concepts, preparing them to further their studies through the elective part. The compulsory part of the BAFS curriculum covers four main areas, namely: Business Environment, Introduction to Management, Introduction to Accounting and Basics of Personal Financial Management. They provide a threshold, in terms of knowledge and skills, for students’ future studies or careers. The elective part, which builds upon the knowledge and skills in the compulsory part, provides students with an opportunity to pursue a more in-depth study in a focused area.
Students can choose either Accounting or Business Management module. In our school, we offer the Accounting module in the elective part of the BAFS curriculum.
Overview of the learning elements of the BAFS curriculum framework
Compulsory part
Business environment - Hong Kong Business Environment
- Forms of Business Ownership
- Business Ethics and Social responsibilities
Introduction to management - Management Functions
- Key Business Functions
- Small and Medium Enterprises (SMEs)
Introduction to Accounting - Purposes and Role of Accounting
- The Accounting Cycle
- Uses of Financial Statements
- Accounting Assumptions, Principles and Conventions
- Basic Ratio Analysis
Basics of Personal Financial Management - Time Value of Money
- Consumer Credit
- Personal Financial Planning and Investment
- Stock Trading as an Investment
Elective part
Financial Accounting - Books of Original Entry and Types of Ledgers
- Period-end Adjustments relating to the preparation of Financial Statements
- Financial Reporting for different forms of Business Ownership - Control system
- Generally Accepted Accounting Principles
- Financial Analysis
- Incomplete records
Cost Accounting - Cost classification, concepts and terminology
- Marginal and absorption costing
- Cost accounting for decision-making

B.        Subject Features

Activities & Student Achievements

Year Event Organization
2019 Mock Examination - HKICPA HKICPA
No. of Participants: 14 S6 students
Achievement: Certificate of good performance
2019 HKTDC Entrepreneurship Day E-Living Hackathon (Competition) HKTDC Young Founder School
No. of Participants: 4 S4 students

C.        Others

Useful links

Hong Kong Institute of Certified Public Accountants

HKDSE Elective Subjects

Yan Oi Tong Tin Ka Ping Secondary School
Shan King Estate, Tuen Mun, N.T.
2464 3731
2464 3243
Powered by Friendly Portal System v9.72